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14821 New Foal Fontana, CA 92336

4 Beds 3 Baths 1,736 sqft Built 1996

$525,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $302.42
  • 6 Days on Market
  • MLS # : IV20224188
  • Updated Date : 11/01/2020 at 08:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,736 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Of California Inc

Listing Agent's Description

Welcome to the house of your dreams!! This upgraded home in the sought-after Hunter's Ridge community has it all! As soon as you walk in you'll find the PRIVATE courtyard area. Walking inside is the main living room with laminate flooring and HIGH CEILINGS. Entering the family room you'll find beautiful tile flooring, the dining area and kitchen. The family room features a gas FIREPLACE for you to cozy next to on those cold days. The kitchen boasts white cabinetry, a CENTER ISLAND and a large window that allows NATURAL LIGHT to come in. This is a space where you can ENTERTAIN your GUESTS for days! There's also direct access to the backyard and there's a powder room downstairs. Upstairs you'll find the 4 bedrooms and if you're looking for an OFFICE, look no further as one room has BUILT-IN OFFICE furniture that will stay, perfect for those WORKING from HOME due to COVID. The master bedroom is a CALM RETREAT boasting a bathroom with a stand up shower, a vanity with dual contemporary sinks and a SOAKING TUB that you can come home to and RELAX IN on those stressful days! There's also another full bathroom shared by the other 3 bedrooms. The backyard boast RV PARKING, a BBQ station with fridge, a concrete COVERED PATIO and enough space that you can turn into anything your heart desires! As if this was not enough, the home is located in the prestigious ETIWANDA SCHOOL DISTRICT and has SOLAR panels that convey. Come on in quickly. This one will not last in the market!!

SEE MORE

MARKET HIGHLIGHTS

  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Inland Empire market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Hunter's Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $148k606k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Hunter's Ridge

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10822523

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
David W. Long Elementary School Primary Regular 826 33 8
Summit Intermediate School Middle Regular 1,108 49 7
Etiwanda High School High Regular 3,458 126 8

David W. Long Elementary School

  • Education Level: Primary
  • # of students: 826
  • # of teachers: 33
8
GreatSchools Rating

Summit Intermediate School

  • Education Level: Middle
  • # of students: 1,108
  • # of teachers: 49
7
GreatSchools Rating

Etiwanda High School

  • Education Level: High
  • # of students: 3,458
  • # of teachers: 126
8
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,937
Property Tax -$576
Property Insurance -$69
Property Management Fees -$135
CASH FLOW
-$437

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$525,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,721

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,280

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,261

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,280
1$2,2802$2,3003$2,3004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 14821 New Foal Fontana, CA 1
    • 4 beds 3 baths ∙ 1,736 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,736 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.31
    •  
  • 14660 Nova Scotia Dr Fontana, CA 2
    • 4 beds 3 baths ∙ 1,810 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,810 Sqft ∙ Built 1998
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.27
    •  
  • 5456 Buckskin Drive Fontana, CA 3
    • 3 beds 3 baths ∙ 1,629 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,629 Sqft ∙ Built 1997
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.41
    •  
  • 14729 Foxfield Lane Fontana, CA 4
    • 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1997
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.30
    •  
  • 5432 Bullpen Drive Fontana, CA 5
    • 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 1999
    property image
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.23
    •  
PROPERTY LISTING DETAILS
Craig Chastain
Exp Realty Of California Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV20224188
Last Updated: 11/01/2020
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